Chuckanut
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Here is a quote from George Melloan in today's WSJ
"The Fed's low interest policy is doing little to help banks and doing a lot to put public pension funds in jeopardy."
I am glad somebody is starting to see that the ultra low interest policy is doing some harm. I know many retired folks who have severaly cut back their spending because their interest income has dropped by many thousands of dollars, some by tens of thousands of dollars. I also know middle aged people who were using interest income to suppliment earnings. This has been wiped out by the ultra-low interest policy we are following. I think some balance is in order. My 2 cents.
"The Fed's low interest policy is doing little to help banks and doing a lot to put public pension funds in jeopardy."
I am glad somebody is starting to see that the ultra low interest policy is doing some harm. I know many retired folks who have severaly cut back their spending because their interest income has dropped by many thousands of dollars, some by tens of thousands of dollars. I also know middle aged people who were using interest income to suppliment earnings. This has been wiped out by the ultra-low interest policy we are following. I think some balance is in order. My 2 cents.